Tony Satterthwaite - 25 Aug 2022 Form 4 Insider Report for CUMMINS INC (CMI)

Role: Vice Chairman
Signature: /s/ Sharon Barner, Attorney-in-Fact
Issuer symbol: CMI
Transactions as of: 25 Aug 2022
Net transactions value: -$1,257,945
Form type: 4
Filing time: 30 Aug 2022, 16:46:36 UTC
Previous filing: 03 Mar 2022
Next filing: 10 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CMI	Common	Gift	$0	-1,798	-2.7%	$0.000000	63,626	17 Aug 2022	Direct
transaction	CMI	Common	Options Exercise	$57,709	+516	+0.81%	$111.84	64,142	26 Aug 2022	Direct
transaction	CMI	Common	Sale	$118,706	-516	-0.8%	$230.05	63,626	26 Aug 2022	Direct
transaction	CMI	Common	Sale	$1,001,326	-4,350	-6.8%	$230.19	59,276	26 Aug 2022	Direct
transaction	CMI	Common	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities	$195,622	-854	-27%	$228.97	2,253	25 Aug 2022	By 401(k) Plan	F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CMI	Stock Option (Right-to-Buy)	Options Exercise	$0	-516	-4.3%	$0.000000	11,404	26 Aug 2022	Common	516	$111.84	Direct
holding	CMI	Stock Option (Right-to-Buy)						24,250	25 Aug 2022	Common	24,250	$109.09	Direct
holding	CMI	Stock Option (Right-to-Buy)						11,170	25 Aug 2022	Common	11,170	$136.82	Direct
holding	CMI	Stock Option (Right-to-Buy)						24,510	25 Aug 2022	Common	24,510	$142.12	Direct
holding	CMI	Stock Option (Right-to-Buy)						8,910	25 Aug 2022	Common	8,910	$149.34	Direct
holding	CMI	Stock Option (Right-to-Buy)						15,630	25 Aug 2022	Common	15,630	$149.72	Direct
holding	CMI	Stock Option (Right-to-Buy)						10,860	25 Aug 2022	Common	10,860	$160.10	Direct
holding	CMI	Stock Option (Right-to-Buy)						15,420	25 Aug 2022	Common	15,420	$163.43	Direct
holding	CMI	Stock Option (Right-to-Buy)						9,250	25 Aug 2022	Common	9,250	$166.18	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person made an intra-plan transfer of $195,621.93 out of the Cummins Stock Fund under the Company's 401(k) plan, with the number of shares equal to such amount divided by $228.97, which was the closing price on the date of the transaction. Because the Stock Fund is a unitized account, the actual number of shares and share price is not known.
F2	Includes 95.28 shares acquired under the 401(k) plan since the reporting person's last Form 4.
F3	The number of shares is based on the dollar value of the reporting person's interest in the Cummins Stock Fund under the Company's 401(k) plan as most recently provided by the plan. The actual number of shares underlying the interest is not known since the Cummins Stock Fund is a unitized account consisting of approximately 98% common stock and 2% cash or cash equivalents.